PRMIA unveils 'blue ribbon panel' to ensure integrity

The Professional Risk Manager's International Association (PRMIA), formed in January by former members of the Global Association of Risk Professionals, has created an advisory 'Blue Ribbon Panel' to ensure the integrity of the new association and advise it on strategic direction.

Bob Mark, a consultant and former chief risk officer for CIBC in Toronto, will chair the panel of eight representatives from academia and the risk finance industry. The panel is expected to grow to 10 or 12 members. It will oversee the formation of PRMIA's bylaws and will offer guidance to PRMIA's board of directors.

Mark cited a grass-roots focus and the not-for-profit governance structure of PRMIA as key strengths of the association. "The members of our Blue Ribbon Panel are among the most respected names in our profession, and bring together a breadth of academic and practical experience that will leverage these strengths of PRMIA," said Mark.

Blue Ribbon Panel members are: Phillippe Jorion, professor and vice-dean, the University of California at Irvine; David Rowe, group executive vice-president, SunGard Trading and Risk Systems; Barry Schachter, head of enterprise risk management at the Caxton Corporation; James Lam, founder and president of risk consultancy ERisk; Dan Galai, professor of finance and business administration at Hebrew University, Jerusalem; Michel Crouhy, senior vice-president, risk analytics, CIBC; Georges Dionne, chairholder and professor of finance and risk management, HEC Montreal; and Nicholas Hayes, a director at the Risk Management Association.